2) In a budget meeting last night, the county commission -- in the wee hours of the morning -- decided to keep the libraries in Miami-Dade County alive for one more year, defying the plan by Mayor Carlos Gimenez to cut back staff and services.
3) The Miami Herald reports on the downgraded bond ratings by Moody's for the Port of Miami. "Bill Johnson, director of PortMiami, dismissed Wall Street concern about rising debt payments and called the facility “the best investment in the world.”
... “When looking at the total seaport debt picture,” Moody’s wrote in its Aug. 27 report, “the port’s net revenues will not be sufficient to reimburse the county for the payment of debt service ...”
It is time for some enterprising reporter to examine anticipated local tax revenues against debt obligations including financing costs of the expansions undertaken for the public: the Performing Arsht Center, the stadiums, the airport and port.